Estimated Percent of People of All Ages in Poverty for Pennsylvania
PPAAPA42000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.90
Year-over-Year Change
-13.14%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the estimated percentage of people of all ages living in poverty in Pennsylvania. It is an important indicator for assessing the economic well-being and social conditions in the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Estimated Percent of People of All Ages in Poverty for Pennsylvania represents the share of the total population in the state living below the federally-defined poverty threshold. This metric is widely used by policymakers, researchers, and social service providers to understand trends in poverty and guide the allocation of resources.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
Poverty rates are a key consideration for state and local governments in developing economic and social policies.
Key Facts
- Pennsylvania's poverty rate was 12.0% in 2021.
- Poverty disproportionately affects children and the elderly in Pennsylvania.
- The state's poverty rate is slightly below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the estimated percentage of people of all ages living in poverty in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: Poverty rates are a key indicator of economic and social well-being, and are widely used by policymakers, researchers, and service providers to understand trends and allocate resources.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey.
Q: How is this trend used in economic policy?
A: Poverty rates are a crucial consideration for state and local governments in developing economic and social policies, such as welfare programs, job training initiatives, and affordable housing strategies.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the American Community Survey.
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Citation
U.S. Federal Reserve, Estimated Percent of People of All Ages in Poverty for Pennsylvania (PPAAPA42000A156NCEN), retrieved from FRED.